The Volkswagen AG's stock, with the ticker symbol of VOW, is traded on Xetra based in Frankfurt, Germany. The stock price is € 280.60 on March 19 2021. The same stock is also traded on the over-the-counter (OTC) market in the US under the ticker symbol of VLKAF. The stock price is $342.24 on the same day. The exchange rate is 1 Euro to 1.19 USD. Bob is interested in making money without bearing any risk. 

If there is such an opportunity. What should Bob do to take advantage of the opportunity?

Answer rating: 100% (QA)

There may be an opportunity for arbitrage as the two prices for the same stock are ... View the full answer